Willis Tower for sale
#1
"Chicago's Willis Tower, once the world's tallest building, is being shopped to potential buyers.
A potential sale is in the works for Chicago's tallest building, a deal that could fetch almost $1.5 billion and shatter the city's price record amid soaring property values downtown."
http://www.chicagobusiness.com/reale...ch-1-5-billion
A potential sale is in the works for Chicago's tallest building, a deal that could fetch almost $1.5 billion and shatter the city's price record amid soaring property values downtown."
http://www.chicagobusiness.com/reale...ch-1-5-billion
#2
Don't know which is worse, UAL buys it at the top of the market and they plead "house poor" for our next contract, or someone else buys it, kicks UAL out, and IT gets to start all over again in another facility.
#5
Gets Weekends Off
Joined: Nov 2009
Posts: 5,508
Likes: 109
Prob not the best time to be buying office space in Chicago.
Exclusive: Chicago nears fiscal free fall with latest downgrade | Reuters
Exclusive: Chicago nears fiscal free fall with latest downgrade | Reuters
#7
Honestly, I don't think really effects UAL unless the brain trust does something really stupid and buys the building or something.
This will be one large real estate investment partnership selling to different one. All the corporate tenants presumably have long term leases that do not change simply because of a change in ownership.
In fact, since the leases are long-term and stable they make the building marketable for sale in the first place.
This will be one large real estate investment partnership selling to different one. All the corporate tenants presumably have long term leases that do not change simply because of a change in ownership.
In fact, since the leases are long-term and stable they make the building marketable for sale in the first place.
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